Spotlight

Indian equity markets are expected to show some resilience today, supported by stronger regional cues, although geopolitical uncertainty remains a key risk factor.
 
On the geopolitical front, U.S. President Donald Trump has announced that the U.S. is beginning an “economic warfare” operation against Iran, keeping tensions elevated and leaving the situation around the Strait of Hormuz uncertain. WTI crude oil remains elevated in the $84–85 per barrel range, keeping energy prices and global risk sentiment in focus.
 
Meanwhile, gold is holding near the $4,500 level as lower U.S. Treasury yields following the Treasury’s buyback activity continue to support demand for the safe-haven asset.
 
Asian markets are trading on a positive note, providing some support to domestic sentiment. The Nikkei 225 is gaining more than 1%, while the Kospi is trading over 5% higher, reflecting stronger regional risk appetite.

Technical view 

Nifty 50 

Nifty 50 is likely to remain under pressure at higher levels, with the near-term technical structure continuing to remain weak after extending its losing streak. Trading below all four key EMAs, the 20, 40, 100, and 200-day, points to sustained selling pressure with little sign of buyers stepping in with real conviction. The 24,200–24,300 stretch now marks the immediate ceiling overhead; only a decisive push past 24,400 would go some way toward steadying the index and lifting sentiment, with the next hurdle waiting at 24,500–24,600.
 
On the downside, the 24,000 mark remains the crucial psychological support. Giving up this psychological mark decisively would likely fuel further selling and open the door to a slide toward 23,800. Momentum readings remain soft across the board, keeping the path of least resistance tilted lower for now. The overall setup stays cautious-to-bearish.

Bank Nifty 

Bank Nifty is also expected to remain under pressure, with the index losing its 20-day EMA and moving closer to the crucial 57,000 support zone. The broader technical structure has weakened, while momentum indicators have turned increasingly bearish. On the upside, the 57,500–57,600 zone remains the immediate resistance area. A sustained move above 57,600 could help stabilize the index and support a recovery towards 57,800–58,000. 
 
On the downside, 57,000 remains the key support level. A decisive break below 57,000 could intensify selling pressure and drag Bank Nifty towards the 56,800 region. Overall, the near-term outlook remains cautious to bearish. Holding above 57,000 is crucial to prevent deeper weakness, while a sustained move above 57,600 would be required to improve the technical structure and revive buying momentum.